$750 billion

Amount wasted yearly by the U.S. health care system — roughly 30 cents of every medical dollar — through unnecessary care, complex paperwork, fraud and other misspending, according to a report from the Institute of Medicine. The report comes amidst accusations from President Barack Obama and Republican Mitt Romney that the other candidate wants to cut Medicare and risk seniors’ health. But the report concludes that substantial cuts are still possible, without rationing care and possibly even improving it. [via the Associated Press]

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jturner277
jturner277

In the recent years we are facing a lot of lacks in health care issues but still the government spending almost billions and millions of dollars for providing better health care facilities to the peoples. But how long and how much will be applicable that matters a lot, in the above survey report we find that in U.S Health care systems a number of frauds and misappropriation notes and paper works which are still yet not applicable for the public, which affects the country's economic condition.


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